Cuba NM Commercial for Sale
$1,250,000
6474 US-550 Cuba, NM 87013
- Type:
- Other
- Sq.Ft.:
- 16,537
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 3.25 Acres
- Baths:
- MLS#:
- 1073731
View additional info
Courtesy: Keller Williams Realty
505-897-1100
505-485-2110
ADDITIONAL INFORMATION
Unlock a unique investment with the 33-key Frontier Motel on US-550 in Cuba, NM, a key route to the Four Corners and more. This property includes two parcels: 6474 Main St with 20 keys, a front office, storage building with an unused bar/game area and a vacant 4-bedroom, 3-bath commercial residence, and 6471 Main St with 13 keys and a separate vacant residence/possible front office.With 16,537 SF of improvements on 3.25 acres, including 2 acres of surplus residential-zoned land for development, and 7,000 SF of unused space for expansion, the potential is vast. 2024 YTD financials show $271K gross income vs. $150K expenses, underscoring its profitability. Priced at $1.25M, it's ideal for investors or owner/operators seeking growth. Full financials available upon NDA.
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Southwest Multiple Listing Service Inc., a wholly owned subsidiary of the Greater Albuquerque Association of REALTORS®, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2024 Southwest Multiple Listing Service, Inc.
Cuba Real Estate
The median home value in Cuba, NM is $483,000. This is higher than the county median home value of $303,100. The national median home value is $338,100. The average price of homes sold in Cuba, NM is $483,000. Approximately 37.54% of Cuba homes are owned, compared to 19.09% rented, while 43.37% are vacant. Cuba real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Cuba real estate agent to arrange a tour today!
Cuba, New Mexico has a population of 522. Cuba is more family-centric than the surrounding county with 58.65% of the households containing married families with children. The county average for households married with children is 27.84%.
The median household income in Cuba, New Mexico is $33,917. The median household income for the surrounding county is $68,947 compared to the national median of $69,021. The median age of people living in Cuba is 34.4 years.
Cuba Weather
The average high temperature in July is 87 degrees, with an average low temperature in January of 12.4 degrees. The average rainfall is approximately 11.2 inches per year, with 24 inches of snow per year.